Shell Eyes BP: A Sin Stock Wedding Made in Hell
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Hell hath no fury like Shell with a cash pile and a conscience to ignore.
The ultimate sin stock — Shell Plc, the polluting powerhouse adored by BlackRock and Vanguard — is reportedly toying with the idea of buying BP, its longtime frenemy in fossil-fuelled destruction. The deal, if it goes ahead, would be one of the largest oil industry takeovers in history — and perhaps the most poetic union of corporate cynicism in living memory.